Set up a technology upgradation fund of foundry industry for green & productive technology Indian foundry sector is the feeder industry to the manufacturing sector as it supports sectors like auto, auto components, railways, electric, cement etc which are the major contributors to India’s GDP. The Indian foundry industry is third largest globally with revenue at $ 18 billion & exports of...

Electricity is a problem in many states; major power cuts are an issue industries face. Though national grid is now allowing buying and selling of power, yet widely differing tariff rates creates a problem. Indian foundry sector, whose 30 percent supplies goes to automotive industries, expects favourable power and electricity tariffs from the upcoming Union Budget 2017 scheduled to be presented on...

However, cost push and uncertainty over the policies in the US for foundry and casting imports remain a matter of concern. The Indian foundry industry is expecting to double the revenue over the next 2-3 years with immense opportunities given in the Budget, an industry member said. However, cost push and uncertainty over the policies in the US for foundry and casting imports remain a matter of...

With the new guidelines by Central Pollution Control Board (CPCB), the industry is hoping that they will no more be categorised under the red category and be upgraded to orange category Foundry Industry in India is finally hoping that the ease of doing business will finally come knocking on their doors. With the new guidelines by Central Pollution Control Board (CPCB), the industry is hoping that...

India is the third largest manufacturer of metal castings globally, producing approx 10 million tonnes of castings in various metals The Institute of Indian Foundrymen (IIF) is the apex industry body promoting the competitiveness of India's foundry industry. There are about 5,000 foundries in India largely in the MSME category. The foundry or metal casting industry is a key component feeder for the...

India On It’s Way to Triple the Production of Castings within 10 Years Krishna Samraj, Managing Director of Magna Electro Casting Ltd and IIF President, made a point during his message of greetings at the IFEX while speaking about the achievements of the Indian Southern Region and Coimbatore. “They have left no stone unturned to present the IIF flagship as the biggest foundry event in India ever”. ...

The Indian foundry industry, while becoming a significant player in the world castings market, can help the country achieve Make-in-India goals Industry experts accept that Make-in-India is a welcome initiative to provide a thrust to the manufacturing sector. They, however, also believe that this campaign in order to succeed needs to be well-strategised. For example, Vikas Garg, the president of the...

BRICS 2015 Gallery Lithyo and the BRICS Foundry Forum 2015 in Nizhny Novgorod was a perfect opportunity to explore the current economic situation in Russia and to get an impression about the huge potentials they have here. The hosts from Russian Asssociation of Foundrymen with president Prof. Ivan Dibrov provided a really interesting program from the highlights of the Volga Region of Nizhny...

The forging industry is looking at doubling growth rates, spurred by imminent demand from emerging sectors With manufacturing gradually picking up and several emerging sectors opening up new opportunities, the more than $18 billion Indian foundry or casting industry is looking to double growth rates. The sector, which has been reporting a growth of 5-7 % in the last few years, is expected to clock...

The foundry industry has urged the MSME Technology Development Centre to set up a foundry skill development centre in the city. The industry sought facilities such as melting, moulding, mould making, core making, and lab testing in the Centre. The industrialists from the sector has a discussion with R. Paneerselvam, principal director of MSME Technology Development Centre. The MSME Technology...